Solar Panel Cost Guide in Gas City, IN (2024 Update)
- Gas City Solar Installation Cost: $25,510
- 25-Year Savings: $21,863
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Gas City
See how much it might cost to switch to solar power in Gas City.
In Gas City, solar panels cost about 4 per watt on average.The average solar panel system size in Gas City is around 8.9 kilowatts, meaning a cost of about $25,510 for a solar installation, or $36,479 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $16,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in Gas City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Gas City
| Year | Return on Investment |
|---|---|
| 1 years | $-23,893 |
| 3 years | $-20,658 |
| 5 years | $-17,423 |
| 7 years | $-14,188 |
| 9 years | $-10,953 |
| 11 years | $-7,718 |
| 13 years | $-4,484 |
| 15 years | $-1,249 |
| 17 years | $1,986 |
| 19 years | $5,221 |
| 21 years | $8,456 |
| 23 years | $11,691 |
| 25 years | $14,926 |
Top Solar Installers in Gas City
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make your swap to solar power much easier. Local solar installers can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Gas City
Factors that Affect Solar Panel Costs in Gas City
Though the average cost of a solar system in Gas City is $25,510, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Gas City, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $4,100 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Gas City average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Gas City, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your total costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Gas City, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.26 | $17,909 | $8,105 | 17.2 years |
| 8 kW | $4.18 | $23,419 | $11,266 | 16.9 years |
| 10 kW | $4.10 | $28,700 | $14,656 | 16.5 years |
| 12 kW | $4.02 | $33,751 | $18,276 | 16.2 years |
| 14 kW | $3.94 | $38,573 | $22,126 | 15.9 years |
| 16 kW | $3.85 | $43,165 | $26,205 | 15.6 years |
| 18 kW | $3.77 | $47,527 | $30,514 | 15.2 years |
| 20 kW | $3.69 | $51,660 | $35,052 | 14.9 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: If you care about the longevity of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Gas City, IN Solar Cost FAQs
What is the average cost of installing solar panels in Gas City?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Gas City?
You can’t get solar panels for free in Gas City. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Gas City?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.